© Dukascopy Bank
Daily maximum: 83.46
Daily minimum: 82.56
The pair eroded a support at 83.27 (200 hour SMA) and tumbled to a subsequent level - 82.85, which was unable to halt bearish momentum for long. After overcoming the latter level, USD/JPY fell further and is likely to extend its current dip to 82.50.
Daily Resistance: 84.15; 83.81; 83.15.
Daily Support: 82.43; 82.51/40; 81.89.
Daily Bias: Neutral.